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All about ETFs / Foreign Brokers, Exchange traded funds
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TSrjb123
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 Jun 17 2016, 12:50 AM
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Just had an e-mail from TD Ameritrade, looks like need to either close the account or move to TD Ameritrade Asia. » Click to show Spoiler - click again to hide... « TD Ameritrade, Inc. has made the business decision to no longer offer brokerage services in your area, starting on November 4, 2016.1 However, we are pleased to inform you that there are a number of choices available to you for your account:
Move Your Assets Within the TD Ameritrade Family:
You may choose to open an account with TD Ameritrade Asia Pte. Ltd. ("TD Ameritrade Asia"). By transferring your account ending in 9601 to TD Ameritrade Asia, you will still have access to many of the same great benefits you have today, such as:
Our multi-award-winning thinkorswim® trading platform: a powerful, easy-to-use trading platform offering advanced customizable charting capabilities and elite-level analytics tools for trading on U.S. equity, options, and futures markets.
Service when you need it: a dedicated support team located in Singapore to help make your transition easy.
Free platform demonstrations and education: free weekly online platform demonstrations where you can learn how to use the thinkorswim platform to execute your trading strategies.
You will be able to transfer your account with no blackout period and little or no disruption to your trading. You will also remain on the same commission schedule you currently have.
How Do You Move Your Assets to TD Ameritrade Asia?
If you wish to open an account and move your assets to TD Ameritrade Asia, please follow these two easy steps:
Complete the online application
Go to www.tdameritradeasia.com and click "Open an Account."
Submit the account-opening documents and the Internal Transfer Form
Once you complete the online application, you will be prompted to submit the account-opening documents and a completed Internal Transfer Form. You can fax these to (+65) 6238 6601 or mail them to TD Ameritrade Asia at: 1 Temasek Avenue, #15-02 Millenia Tower, Singapore 039192.2
If you have any questions or need assistance with this process, please contact the TD Ameritrade Asia office at (+65) 6823 2250 or via email at help@tdameritradeasia.com. |
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apathen
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Jun 18 2016, 02:44 AM
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QUOTE(rjb123 @ Jun 17 2016, 12:50 AM) Just had an e-mail from TD Ameritrade, looks like need to either close the account or move to TD Ameritrade Asia. » Click to show Spoiler - click again to hide... « TD Ameritrade, Inc. has made the business decision to no longer offer brokerage services in your area, starting on November 4, 2016.1 However, we are pleased to inform you that there are a number of choices available to you for your account:
Move Your Assets Within the TD Ameritrade Family:
You may choose to open an account with TD Ameritrade Asia Pte. Ltd. ("TD Ameritrade Asia"). By transferring your account ending in 9601 to TD Ameritrade Asia, you will still have access to many of the same great benefits you have today, such as:
Our multi-award-winning thinkorswim® trading platform: a powerful, easy-to-use trading platform offering advanced customizable charting capabilities and elite-level analytics tools for trading on U.S. equity, options, and futures markets.
Service when you need it: a dedicated support team located in Singapore to help make your transition easy.
Free platform demonstrations and education: free weekly online platform demonstrations where you can learn how to use the thinkorswim platform to execute your trading strategies.
You will be able to transfer your account with no blackout period and little or no disruption to your trading. You will also remain on the same commission schedule you currently have.
How Do You Move Your Assets to TD Ameritrade Asia?
If you wish to open an account and move your assets to TD Ameritrade Asia, please follow these two easy steps:
Complete the online application
Go to www.tdameritradeasia.com and click "Open an Account."
Submit the account-opening documents and the Internal Transfer Form
Once you complete the online application, you will be prompted to submit the account-opening documents and a completed Internal Transfer Form. You can fax these to (+65) 6238 6601 or mail them to TD Ameritrade Asia at: 1 Temasek Avenue, #15-02 Millenia Tower, Singapore 039192.2
If you have any questions or need assistance with this process, please contact the TD Ameritrade Asia office at (+65) 6823 2250 or via email at help@tdameritradeasia.com.  mind asking why did they ask to transfer? because your address not in US? any advantage or disadvantage of moving to td ameritrade asia? This post has been edited by apathen: Jun 18 2016, 02:45 AM |
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TSrjb123
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Jun 18 2016, 11:12 AM
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QUOTE(apathen @ Jun 18 2016, 02:44 AM) mind asking why did they ask to transfer? because your address not in US? any advantage or disadvantage of moving to td ameritrade asia? Well it looks like TD Ameritrade will stop serving certain countries - I think TD Ameritrade Asia is new. I haven't really looked in detail at the differences yet - although I'm pretty certain stuff like commission free ETFs won't exist on the Asia platform. |
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xilepeco
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Jun 18 2016, 07:19 PM
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New Member
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Got the same email from TD Ameritrade. Went to TD Ameritrade Asia FAQ page. Item number 5:
May non-Singapore citizens trade with TD Ameritrade Asia?
Yes, non-Singapore citizens may register with TD Ameritrade Asia, provided you are a Permanent Resident or have a valid Employment Pass or Work Pass. You will be required to provide us with a valid Tax ID number in Singapore to open the account. You will also be required to verify your Singapore address by providing us with a copy of a utility bill and/or bank statement listing your address.
Anyway I've sent them a message asking them about those without an SG Tax ID.
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TSrjb123
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Jun 18 2016, 07:31 PM
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QUOTE(xilepeco @ Jun 18 2016, 07:19 PM) Got the same email from TD Ameritrade. Went to TD Ameritrade Asia FAQ page. Item number 5: May non-Singapore citizens trade with TD Ameritrade Asia? Yes, non-Singapore citizens may register with TD Ameritrade Asia, provided you are a Permanent Resident or have a valid Employment Pass or Work Pass. You will be required to provide us with a valid Tax ID number in Singapore to open the account. You will also be required to verify your Singapore address by providing us with a copy of a utility bill and/or bank statement listing your address. Anyway I've sent them a message asking them about those without an SG Tax ID. Doesn't make much sense that they'd get rid of customers in Malaysia then restrict TD Ameritrade Asia only to Singaporean PR/EP holders. Let me know what answer you get - I'm not sure if I want to transfer my holdings over to IB for simplicity sake, or whether to try and open an account at TD Ameritrade Asia. To be honest I haven't really used TDAM at all recently but still have a fair bit of holdings with them so need to do something before they simply liquidate everything towards the end of the year. |
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xilepeco
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Jun 18 2016, 07:43 PM
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New Member
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Will do, will let you know when I receive their reply.
Yup I get what you're saying. If there's no way around what's stated in the FAQ then yeah, they are likely dropping Malaysians and perhaps quite a few more accounts throughout some Asian countries. With that requirement, it would likely mean that TDA Asia does not handle that many accounts.
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TSrjb123
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Jun 18 2016, 07:48 PM
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Thanks - I'll give them a call on Monday also and see what they say.
I do have an account with TD International (Luxembourg) - never used it though as the fees are far too expensive . If TD Asia isn't an option then moving everything to IB it is !
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SUSMNet
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Jun 18 2016, 07:52 PM
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Save the hassle, just move the stock to IB
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TSrjb123
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Jun 18 2016, 07:56 PM
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TDAM was good for the commission free ETFs and the live data from TOS without having to subscribe to the various datafeeds @ IB.
Looks like TDAM Asia doesn't have the commission fee ETFs but retairs the TOS platform.
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ronho
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Jun 18 2016, 10:32 PM
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OK guys, plese let us know if we Malaysians can use the TD Asia
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xilepeco
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Jun 20 2016, 11:38 AM
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New Member
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TDA Asia just told me that they will accept Malaysia accounts. So good news for those who want to transfer or open one.
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ILoveLalat.net
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Jun 20 2016, 11:46 AM
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QUOTE(xilepeco @ Jun 20 2016, 11:38 AM) TDA Asia just told me that they will accept Malaysia accounts. So good news for those who want to transfer or open one. Planning to open TD Ameritrade soon. No restrictions for Malaysia accounts? |
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TSrjb123
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Jun 20 2016, 12:37 PM
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QUOTE(ILoveLalat.net @ Jun 20 2016, 11:46 AM) Planning to open TD Ameritrade soon. No restrictions for Malaysia accounts? Called them today too - Malaysian residents can open account at TD Ameritrade Asia - don't need Singapore tax number / PR / EP etc. |
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ILoveLalat.net
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Jun 20 2016, 01:41 PM
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QUOTE(rjb123 @ Jun 20 2016, 12:37 PM) Called them today too - Malaysian residents can open account at TD Ameritrade Asia - don't need Singapore tax number / PR / EP etc. Cool, save less hassle for everyone has the account here should anything goes wrong. Will do that, thanks.  |
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xilepeco
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Jun 20 2016, 03:10 PM
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New Member
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Just check out their fees. It is different from TDA Inc.
Those who transfer get to keep their existing fee structure though.
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SUSMNet
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Jun 20 2016, 08:12 PM
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How much the fee?
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TSrjb123
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Jun 20 2016, 08:45 PM
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QUOTE(MNet @ Jun 20 2016, 08:12 PM) Fees are listed on their site : https://www.tdameritradeasia.com/tos/client...mmisions_sg.tos |
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bearbear
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Jun 24 2016, 02:44 PM
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they told me its $10.65 per transaction, either buy or sell also same.
still a good option? small time investor just buy for retirement
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TSrjb123
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Jun 24 2016, 02:47 PM
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QUOTE(bearbear @ Jun 24 2016, 02:44 PM) they told me its $10.65 per transaction, either buy or sell also same. still a good option? small time investor just buy for retirement If you're buying for boring long term holding rather than trading I would say using Interactive Brokers is preferable. Because you don't have to buy US domiciled funds which withhold 30% of tax on dividends. |
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TSrjb123
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Jun 28 2016, 12:33 PM
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Got my TD Ameritrade Asia account all set up - only took a few days. All holdings and cash transferred across, nice and easy  |
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